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Coles Credit Card Provider Guide

Coles Supermarkets offer three different mastercards issued by Citigroup: low rate, no annual fee, and rewards.

All Coles credit cards allow you to earn flybuys points on top of the points you can earn by scanning the flybuys barcode on the back of your credit card.

Flybuys points can be redeemed at Coles supermarkets, in the flybuys online shop, or by linking your points to your Velocity frequent flyer membership.

Coles is one of Australia’s biggest retailers, selling everything from food to fuel. They are most recognisable as a major grocery store, and have over 2,200 retail outlets across Australia. Coles is owned by Wesfarmers.

Coles offers three credit cards: one with no annual fee, a rewards card, and a low-rate card. If you are approved for a credit limit of $6,000 or more, you will be given a platinum version of the card.

Coles credit cards are all Mastercards issued by Citigroup. You can apply online for the cards, and they can all be managed through the Coles Mobile Wallet app.

Coles No Annual Fee Credit Card
This credit card does exactly what it says, and has no annual fee. Although it does not have its own rewards program, cardholders can earn points through the Coles loyalty program, flybuys.

With the No Annual Fee card, you can earn 1 flybuys point for every $2 in an eligible transaction on top of the points you normally earn from flybuys partners. When you earn 2,000 flybuys points, you can instantly redeem $10 off your Coles supermarket shop at the checkout.

Earning points on the Coles No Annual Fee Mastercard

Earn 1 flybuys point for every $2 spent on an eligible transaction.

This card is currently offering 0% p.a. Interest on balance transfers for 6 months, provided this is your first Coles Mastercard. This bonus offer is available for a limited time and is subject to change.

In addition to bonus offers, the card offers the following regular cardholder benefits:

Free delivery at Coles online when you use your Coles credit card and spend $100 or more

Up to 55 days interest-free on eligible purchases

Security and fraud protection

Earning points on the Coles No Annual Fee Mastercard

Minimum credit limit

$2,000

Balance transfer fee

Bonus offer: 0% for first 6 months, then reverts to cash advance rate

International transaction fee

2.5% of the transaction value

Purchase interest rate

19.99% p.a.

Annual fee

$0

Cash advance rate

19.99% p.a. +$1.95 or 3% of the transaction value

Interest-free period

Up to 55 days on purchases

Coles Rewards Credit Card
The Coles Rewards card gives cardholders more flexibility with their rewards points. You still earn flybuys points, but at an increased rate of 2 points per $1 spent in an eligible transaction.

Flybuys points can either be redeemed for $10 off your Coles supermarket shop, or converted into Velocity Points. Velocity is Virgin Australia’s frequent flyer program.

If you wish to convert your flybuys into Velocity Points, you must link your Velocity membership to your flybuys. Flybuys points must be transferred in increments of 2,000 points, for a maximum of 138,000 flybuys points each year. This can be done online; terms and conditions apply.

Earning points on the Coles Rewards Mastercard

Earn 2 flybuys points for every $1 spent on an eligible transaction.

2,000 flybuys points = 870 Velocity points

This card is also offering 0% p.a. Interest on balance transfers for 6 months, provided this is your first Coles Mastercard. This bonus offer is available for a limited time and is subject to change.

This card also offers the following features:

Free delivery at Coles online when you use your Coles credit card and spend $100 or more

No international transaction fees on purchases (online or overseas)

Security and fraud protection

Coles Rewards Mastercard

Minimum credit limit

$2,000

Balance transfer fee

to cash advance rate Waived for purchase

International transaction fee

Waived for purchases. (Fee still applies to international cash advance)

Purchase interest rate

19.99% p.a.

Annual fee

$99

Cash advance rate

19.99% p.a. +$1.95 or 3% of the transaction value

Interest-free period

Up to 55 days on purchases

Coles Low Rate Credit Card
The main selling point of the Coles Low Rate Mastercard is its low interest rate for purchases: 12.99% p.a. Its points-earning capability is the most limited of the three, at 1 point for every $2 spent at Coles Supermarkets.

Earning points on the Coles Low Rate Mastercard

Earn 1 flybuys points for every $2 spent at Coles Supermarkets.

This card also offers the following features:

Free delivery at Coles online when you use your Coles credit card and spend $100 or more

Up to 55 days interest-free on purchases

Security and fraud protection

Earning points on the Coles Low Rate Mastercard

Minimum credit limit

$2,000

Balance transfer fee

Offer not stated

International transaction fee

2.5% of retail purchases and cash advances

Purchase interest rate

12.99% p.a.

Annual fee

$58

Cash advance rate

19.99% p.a. +$1.95 or 3% of the transaction value

Interest-free period

Up to 55 days on purchases

Coles credit cards come with several standard features. While these features do provide an incentive to shop at Coles, they can also be beneficial to people who are already doing so. These features include:

Platinum Benefits
If you are approved for a credit limit of $6,000 or higher, you’ll be issued a platinum version of the credit card in question. This gives you access to additional platinum Mastercard benefits, such as:

Concierge services

Complimentary insurance provided by Allianz:

Transit accident insurance

Purchase protection insurance

Extended warranty

Flybuys Program
Your Coles credit card gives you automatic membership to the free flybuys loyalty program. It acts as your credit card and flybuys card in one; simply scan the barcode on the back of the credit card to boost your points-earning potential.

The flybuys program is a separate way to earn points, in addition to your credit card’s ability to earn flybuys points. When you swipe your flybuys card or scan the barcode on your Coles credit card at a flybuys partner, you earn points.

Flybuys Partners

Coles

Kmart

Target

Liquorland

nab

Coles Express

medibank

OPSM

AGL

Velocity

First Choice Liquor

Coles Insurance

This means you’re earning points by using your Coles credit card and by scanning your flybuys barcode. Depending on the type of card you have and where you shop, you can earn more points than you would otherwise.

Earning Flybuys Points

Flybuys points earned when you make a $10 purchase at Coles Supermarkets, where $1 earns you 1 flybuys point.

Credit Card

Points earned through credit card

Points earned through flybuys loyalty program

Total flybuys points earned

No annual fee

5 points
($2 = 1 point)

10 points

15 points

Low rate

5 points
($2 = 1 point)

10 points

15 points

Rewards

10 points
($1 = 1 point)

10 points

20 points

Flybuys points earned when you make a $10 purchase at Target, where $1 earns you 1 flybuys point.

Credit Card

Points earned through credit card

Points earned through flybuys loyalty program

points earned

No annual fee

5 points
($2 = 1 point)

10 points

15 points

Low rate

0 points
($2 = 1 point)

10 points

10 points

Rewards

10 points
($1 = 1 point)

10 points

20 points

Flybuys points can be redeemed for an instant $10 off your shop at Coles (once you have earned 2,000 points) or in the flybuys online shop, where you can pay using points and a credit or debit card.

You can also link your flybuys account to a Velocity frequent flyer program, and transfer flybuys points to your Velocity account in 2,000-point instalments. You can transfer a maximum of 138,000 flybuys points each year.

The Coles No Annual Fee Mastercard was awarded five stars for outstanding value from Canstar in 2016. However, since then its rating has dropped to four stars. The Low Rate and Rewards cards have been awarded an average three-star rating.

The no annual fee is a good opportunity to boost your flybuys earning potential with no additional fee, which could then get you more $10 off opportunities. The flybuys partnership with Velocity can also be rewarding to frequent flyers who are dedicated to earning points towards Virgin Australia flights.

Customer service is generally rated well for the Coles credit cards, and the low annual fees—even on the rewards card—have given these cards a good reputation. However, beware high late fees if you do miss a payment.

Frequent Coles shoppers are the first and most obvious people who can benefit from these credit cards. By using a Coles credit card, you can bump up your flybuys earnings substantially. Even if you only use the flybuys card to get $10 off your grocery shop at Coles, this savings can add up quickly.

The Coles low rate credit card is good for people who do not always pay off their credit card in full each month. Although this card carries an annual fee, it is a relatively affordable $58.

For Velocity frequent flyers, keep in mind that the Coles Rewards Mastercard is not your only option for earning Velocity points. Although it offers the highest earnings potential, any flybuys member can opt to link their flybuys and Velocity membership.

The bottom line is that anyone who often shops at Coles or a flybuys partner store could benefit from having a Coles credit card.

Not a Coles shopper? Compare credit cards to find a deal that might suit you better.

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Information found on the CompareClub website is for general purposes only. While we endeavour to provide information that is accurate and up to date, we make no warranties or representations about the accuracy, completeness, reliability or suitability of the information, graphics, products or services offered or contained on the website. Therefore, any reliance placed on the information provided on the CompareClub website is at the user's own risk. When reviewing offers from external websites or companies, please review their terms and conditions. We have no control over these companies, their offers, website content, products/services, or the availability and nature of their products/services. Links found on the CompareClub website do not necessarily imply an endorsement or recommendation of the information or views that are expressed by the external party.